New York Foundation for Senior Citizens Inc
Nonprofit profile at a glance
- EIN
- 132618568
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2129627653
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Centers
Reported finances
- Revenue
- $14,033,733
- Expenses
- $12,864,602
- Assets
- $17,315,303
- Liabilities
- $2,408,362
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
38 people listed
Executive titles in this filing
- LINDA R HOFFMAN (PRESIDENT)
- LISA ALLI (VICE PRESIDENT)
Highest reported compensation
- LINDA R HOFFMAN (PRESIDENT): $820,575 total reported compensation
- ROLANDO A BLANCO CHIEF (CFO/ASSISTANT TREASURER): $365,466 total reported compensation
- LISA ALLI (VICE PRESIDENT): $334,189 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New York foundation for senior citizens is dedicated to helping New York's seniors enjoy healthier, safer, more productive, and dignified lives in their own homes and communities and to help them avoid the need for premature institutionalization. Established in 1968, the foundation is the only non-profit, non-sectarian organization serving New York's seniors in all five boroughs. Over the past four decades, the agency has grown from two employees and no funds for the provision of direct social services to New York city's only non-profit, non-sectarian agency, with over 1,200 employees. The foundation now provides over 800 units of housing and 35 professionally administered social service programs for tens of thousands of elderly new yorkers city-wide annually. These innovative projects serve as models for the development of similar services for the elderly throughout the world. We're always eager to undertake innovative programs that benefit the senior population.
What it reported doing in 2024
Other program activities for the foundation include: between july 1, 2024 and june 30, 2025, 100 sharemates were matched in 50 home sharing matches, 23 inmanhattan, 13 in brooklyn, 2 in the bronx, 11 in queens and 1 in staten island. During that same period, atotal of 131 frail elderly and over 260 of their caregivers were provided with in-home respite care services, 70 inmanhattan, 32 in brooklyn, 17 in the bronx and 12 in queens. Between july 1, 2025 and november 12, 2025,44 sharemates were matched in 22 home sharing matches, 9 in manhattan, 6 in brooklyn, 5 in queens, 1 in thebronx and 1 in staten island. During that same period, a total of 48 frail elderly and over 100 of theircaregivers were provided with in-home respite care services, 25 in manhattan, 13 in brooklyn, 5 in queens and5 in the bronx.between july 1, 2024 and june 30, 2025, the minor home repairs program exceeded its annual contract goalsof providing 6,000 client service hours of emergency and non-emergency home repairs for 2,000 low/moderateincome homeowners, by providing 6,230 client service hours and 22,321 emergency and non-emergency repairsfor 2,193 low/moderate income homeowners. Also between july 1, 2024 and june 30, 2025, the home safetyaudit program provided 57 low/moderate income elderly homeowners, city-wide, with free home safety auditservices. Between july 1, 2025 and october 31, 2025, the minor home repair program was on its way toachieving its annual contract goals of providing 6,000 client service hours of emergency and non-emergencyhome repairs for 2,000 low/moderate income homeowners, by having already provided 2,030 client servicehours and 7,597 emergency and non-emergency repairs for 729 low/moderate income homeowners. Alsobetween july 1, 2025 and october 31, 2025, the home safety audit program provided 23 low/moderate incomeelderly homeowners, city-wide, with free home safety audit services.between may 1, 2025 to november 12, 2025, the access to home program was on its way to achieving its 24-month contract goals of providing a total of $227,500 in home modifications to 20 households, by havingalready provided home modifications in four households totaling $29,100 that, thus far, have included stairrailing and stair lift installations.project cart achieved its fiscal year 2024-2025 goals of providing 8,173 individual trips by having providedexactly 8,173 individual trips and exceeded its fiscal year 2024-2025 goal of providing 2,634 group trips byhaving provided 2.991 group trips between july 1, 2024 and june 30, 2025 for frail elderly residents ofmanhattan community boards #1 - #8. Between july 1, 2025 and october 31, 2025 project cart was on itsway to achieving its annual goal of providing 8,173 individual trips by having already provided 2,694 individualtrips and 1,576 group trips by having already provided 696 group trips for frail elderly residents of manhattancommunity boards #1 - #8. Although the foundation's two nyc aging project cart transportation contractssuccessfully met their annual individual and group trip goals, other agencies were unable to meet their respectivecontracts' goals. As a result, nyc aging changed all transportation contracts from rate-based reimbursement in fiscal year 2024-2025 to line item reimbursement and also lowered all annual group trip goals in fiscal year 2025-2026. The center also provided group transportation formembers via communicar to various venues, including world trade center on september 23, 2025 and thebrooklyn chinese american celebration on october 16, 2025. Presentations have been provided by ready nyregarding emergency preparedness on october 9, 2025 and coastal flooding on october 24, 2025 and by nycmta regarding senior discount fairs on october 14, 2025. An rn from the foundation's home attendantprogram visits the center to provide blood pressure screening for its members on the first thursday of everymonth. Under the foundation's sponsorship and through staff's outreach and recruitme
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 95
- Accountability: 100
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.1%; rating input score 81
- Program expense ratio: 87.3%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.3%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 1.35; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 13.9%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 81.1% of revenue deployed · 87.3% of spending went to programs
- Governance: 29 of 29 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $11.2M in reported program spending
- Leadership: top reported pay $821K · 38 people listed · 5 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 14 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 10/100.